Dade County WSA awarded $500,000 loan to purchase land for reservoir
The Georgia Environmental Finance Authority (GEFA) executive committee awarded the Dade County Water and Sewer Authority a $500,000 Georgia Reservoir Fund loan.
The loan will finance the purchase of approximately 64 acres of land for a reservoir. Construction of a reservoir will provide an additional source of drinking water for the county. The authority will pay 2.13 percent interest on the 15-year loan.
“The Georgia Reservoir Fund helps local governments finance water supply infrastructure. In addition to the public’s health and safety, adequate water supply is critical to the state’s economic growth and prosperity.” – GEFA Executive Director Kevin Clark
“I’d like to express appreciation to Gov. Deal, state Sen. Jeff Mullis, and state Rep. John Deffenbaugh for their support. The state’s commitment to helping cities and counties finance water supply development contributes greatly to improving Georgia’s water resources.” – GEFA Executive Director Kevin Clark